Last week the price bounced off the support 1684.17 for the second time.
Then it rose to the resistance of 1743.35.
From this point, I expect the beginning of the fall.
The price will break the nearest support 1708.21.
Will fix on it and fall to the level.
The target is 1684.17.
#XAUUSD 07 04 2021
#GBPUSD 05 04 2021
During the rally in an uptrend that began in May last year, the price was able to break through several strong and important lines on the chart. First, this is the 1.341 support line from April 2020, then the 1.376 resistance line from January 2019. After the breakdown of this line, the price reached its local maximum - resistance zone 1.418....
#XAUUSD 29 03 2021
(the upper border of the growing channel) 1695.91.
I expect the price to be:
1 - will rise to the resistance level of 1785.48.
2 - breaks the support 1710.45 (and fixes).
3 - will break through support 1618.17 and continue to fall.
Target - 1540.11.
Looking very similar to DXY and EURJPY, DXY we break yearly highs of 92.500 and EJ we have just broken a key corrective resistance zone.
Hopefully by the time these pairs approach support, we will have some more indication on GBPJPY to compare against.
#AUDUSD 26 03 2021 The first line is the border of a small descending channel, which was formed in December 2020. The second one appeared in May 2020. And the last one is the oldest, the first touch of which happened in September 2019! Despite the fact that after the false breakdown of the 0.777 resistance line that took place last week, the price dropped...
#XAUUSD 24 03 2021
We continue to observe the formation of a fall in the price of gold. Let me remind you that yesterday we expected that the gold will reverse from the resistance line 1751.13 and begin to fall. And so it happened. The fall began for several reasons. Firstly, this resistance line is very strong - it has existed since August a year has passed and,...
During the fall in the channel (December 2020), the price broke through the resistance at 1.198 (the border of the older channel). Then it continued to fall and came to support 1.187 (the border of the younger channel). We expect the price to continue to fall.
1. Will break through support 1.187.
2. Will fix on the line 1.184.
3. Will come to support.
XAUUSD 19 03 2021
The price continues to move in line with my past predictions. First, the price came to the support line, broke through it, consolidated and continued to grow. Then the price continued to rise and came to the correction zone, which I also mentioned earlier. After the rollback, the price again touched the support zone 1734.01, thereby working out...
XAUUSD 18 03 2021
Now the price is working out the correction, which should stop in the support zone 1733.33 This is a small area formed around the two support lines. The oldest is December 2020 and very small from the beginning of March. As you can see, the price has tested this zone several times. Thus, I expect the price to reverse from the support line and...
GBPUSD 18 03 2021 strong resistance zone around the level of 1.397. Up to this point, it has grown almost non-stop along the line of support since September 2020. In February, the price broke through the support 1.372, and after that it tried to break through the resistance level. However, the breakout turned out to be false and the price returned to its limits....
USDCAD 17 03 2021
After the price fell from the resistance line 1.273 and broke through the resistance line 1.259, it stopped at the support line 1.243. Then it bounced off it, but again adjusted to the line. Today the price is in position 1.244 and I think it is ready for growth. I expect the price to rise from the support line to the resistance area of 1.259.TARGET
Another simple yet effective trading range on this pair playing out, simplicity at it's finest, identifying powerful and quantifiable trading zones and making the most out of what is there.
EURJPY has broken upside, analysis to follow, same principle from previous expectations, just unfortunate we didn't get the full retest.
Appreciate this is quite a headache, but the retest of 129.425 could still be on... This is incredibly conservative, especially as we know how bullish ***YEN pairs have been, but just something to consider, find reasons not to take a trade rather than to take a trade.
If I feel like there is a reasonable chance that price could retest a different zone...
eurusd 11 03 2021
At the beginning of the week, the price made a false breakout. After it, the price fixed in the support zone at 1.188. I expect growth from this zone towards resistance.
The target is 1.196.
USDJPY 09 03 2021
Throughout February, the price showed a strong uptrend. At the same time, in the last weeks of the month, it grew, practically without making a single correction. During this rise, the price managed to make an important breakdown of the strong support line at 106.62. This line was formed in 2015.
After the breakout, the price fixed on the line...
This pair has absolutely dumped given the blatant USD strength and NZD weakness, really clear S/R zone, but not confident whether it will hold or not, we have 0.71 whole number support confluence too.
Remember, we are not interested in trading this pair until we have a blatant reversal signal. All we can do is monitor and trail the zones and prepare...
XAUUSD Forecast 02 03 2021
The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016
Now the main question for all investors is when exactly gold will stop and begin to grow.
I think this support zone is the...
EURUSD Forecast 02 03 2021
At the moment, the price of the pair is standing still and I am extending my previous forecast. Let me remind you that after the price fell from a strong resistance zone, it stopped at the support level of 1.202. From this position yesterday, I expected a fall to the support of 1.196 and after that a new growth began. I am extending my...